9 Mistakes to Avoid in Retirement Planning

Retirement can be a season of fulfillment, fun, and joy. Isn’t that what we all want– a wonderful, worry-free retirement with enough money to achieve our goals, hopes and dreams for this new season? To make this a reality, good planning is essential. (When it comes to retirement, failing to plan really does mean planning to fail.)

We’ve worked with a lot of folks to plan for their retirement, and in our experience, we’ve noticed several BIG MISTAKES that can cause unnecessary pain and struggle in the long-run. Here is our list of the top 9 mistakes you should avoid as you plan for a full and flourishing retirement.

Pitfall #1: Not Downsizing or Paying Off Your Mortgage

Pitfall #2: Ignoring the Risk of Long-Term Care

Pitfall #3: Not Understanding How Your Portfolio Works

Pitfall #4: Too Much or Too Little Risk

Pitfall #5: Not Having Legal Documents in Order

Pitfall #6: Not Having Beneficiaries on an Investment Account

Pitfall #7: Transferring a Home/Property to a Child Before Death

Pitfall #8: Doing Finances, Yourself

Pitfall #9: Moving Far Away from Family

Financial planning doesn’t happen by accident.  It’s a lot of work. It’s a lot of effort. It only happens with a dedicated process of working through financial objectives, goals and potential issues and coming up with solutions for all these objectives.

It is our privilege to help people put their money to work for their life’s hopes, goals and dreams. Feel free to contact us for a complimentary consult, so we can discuss Bringing Your Money to Life ™ .

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